O Shaughnessy Asset Management LLC Increases Stock Position in Frontier Communications Parent, Inc. (NASDAQ:FYBR)

O Shaughnessy Asset Management LLC grew its stake in Frontier Communications Parent, Inc. (NASDAQ:FYBR) by 29.8% during the fourth quarter, according to its most recent 13F filing with the SEC. The firm owned 13,012 shares of the company’s stock after acquiring an additional 2,985 shares during the period. O Shaughnessy Asset Management LLC’s holdings in Frontier Communications Parent were worth $452,000 as of its most recent filing with the SEC.

A number of other institutional investors and hedge funds have also made changes to their positions in FYBR. Captrust Financial Advisors raised its position in Frontier Communications Parent by 6.5% in the third quarter. Captrust Financial Advisors now owns 9,540 shares of the company’s stock valued at $339,000 after purchasing an additional 581 shares during the period. National Bank of Canada FI raised its holdings in shares of Frontier Communications Parent by 73.8% in the 3rd quarter. National Bank of Canada FI now owns 57,797 shares of the company’s stock valued at $2,054,000 after buying an additional 24,542 shares during the period. XTX Topco Ltd acquired a new position in Frontier Communications Parent during the 3rd quarter worth about $618,000. Barclays PLC grew its position in Frontier Communications Parent by 39.7% in the 3rd quarter. Barclays PLC now owns 99,969 shares of the company’s stock valued at $3,553,000 after acquiring an additional 28,417 shares in the last quarter. Finally, M&T Bank Corp increased its stake in Frontier Communications Parent by 4.2% during the third quarter. M&T Bank Corp now owns 18,703 shares of the company’s stock worth $664,000 after purchasing an additional 750 shares during the period.

Wall Street Analysts Forecast Growth

Several research firms have recently commented on FYBR. Raymond James lowered shares of Frontier Communications Parent from a “market perform” rating to an “underperform” rating in a research note on Thursday, February 6th. New Street Research cut shares of Frontier Communications Parent from a “strong-buy” rating to a “hold” rating in a research report on Friday, February 21st. Finally, Benchmark restated a “hold” rating on shares of Frontier Communications Parent in a research note on Tuesday, February 25th. One analyst has rated the stock with a sell rating, ten have issued a hold rating and one has issued a buy rating to the stock. According to data from MarketBeat.com, Frontier Communications Parent presently has an average rating of “Hold” and a consensus price target of $36.07.

Frontier Communications Parent Price Performance

Frontier Communications Parent stock opened at $35.94 on Friday. The company has a current ratio of 0.77, a quick ratio of 0.77 and a debt-to-equity ratio of 2.28. The company has a fifty day simple moving average of $35.82 and a 200-day simple moving average of $35.41. The stock has a market cap of $8.97 billion, a P/E ratio of -27.86 and a beta of 1.01. Frontier Communications Parent, Inc. has a 12-month low of $21.31 and a 12-month high of $39.21.

Frontier Communications Parent (NASDAQ:FYBR) last released its quarterly earnings data on Thursday, February 20th. The company reported ($0.47) earnings per share (EPS) for the quarter, missing the consensus estimate of ($0.19) by ($0.28). Frontier Communications Parent had a negative return on equity of 6.25% and a negative net margin of 5.42%. The business had revenue of $1.51 billion for the quarter, compared to analyst estimates of $1.47 billion. Equities analysts expect that Frontier Communications Parent, Inc. will post -1.11 EPS for the current fiscal year.

Insider Activity at Frontier Communications Parent

In other Frontier Communications Parent news, EVP John Harrobin sold 36,000 shares of Frontier Communications Parent stock in a transaction that occurred on Monday, March 3rd. The stock was sold at an average price of $36.01, for a total transaction of $1,296,360.00. Following the transaction, the executive vice president now owns 76,523 shares of the company’s stock, valued at $2,755,593.23. The trade was a 31.99 % decrease in their ownership of the stock. The transaction was disclosed in a filing with the SEC, which is available at this hyperlink. 1.40% of the stock is currently owned by corporate insiders.

Frontier Communications Parent Company Profile

Frontier Communications Parent, Inc, together with its subsidiaries, provides communication and technology services in the United States. It offers broadband, video, voice, and other value-added services. The company also provides data and Internet, including broadband networking services; data-based voice over internet protocol, unified communications, long-distance, and voice messaging services; video services under the Frontier TV brand; access services; hardware and network solutions; and packages of services.